ZKP Project Secures $1.7B Funding, Emerging as Top Crypto Investment Choice
- ZKP Funding Support: The ZKP ecosystem has secured $117 million in verified funding, with $100 million allocated for core system development and $17 million for hardware production, indicating that the project is operational and enhancing institutional trust.
- Ethereum Network Activity Surge: Ethereum recorded a daily transaction volume of 2.88 million on January 17, and while prices remain between $3,319 and $3,339, renewed interest from major holders suggests improving market confidence.
- Zcash Price Fluctuations: Zcash briefly broke above $450 after a regulatory investigation concluded, but quickly retreated to the $366 to $392 range, with analysts emphasizing the importance of holding above $361 to maintain a positive trend.
- Cautious Market Sentiment: Despite strong usage metrics for Ethereum, price expansion remains elusive, and Zcash's price breakout struggles to sustain momentum, leading analysts to recommend ZKP as the best investment choice in the current market landscape.
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Technical Analysis for ZKP
Technical Sentiment Analysis for (ZKP) As of , (ZKP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZKP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZKP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(ZKP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0529 | 0.00929 | 0.0472 | 0.109 | 0.147 | 0.209 | 0.247 |
| Fibonacci | 0.00929 | 0.0475 | 0.0712 | 0.109 | 0.148 | 0.171 | 0.209 |
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